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by xyzzy4 3263 days ago
Why is gold worth $5 trillion market cap? If someone steals your gold, you can't even get it back easily.
1 comments

In computing there were relatively few mitigation against breach of physical security. Almost no one uses encrypted volumes, though that is growing rapidly. Even then it says nothing of on line connected access to the medium whilst the volume is mounted.

If someone steals your gold the logistical complexities are much more onerous to being caught. Again, a 3000 year problem almost entirely solved.

The risk of the medium of value is priced into the medium itself.